GHP Investment Advisors Inc. Boosts Stake in The Walt Disney Co. (DIS)
GHP Investment Advisors Inc. boosted its position in shares of The Walt Disney Co. (NYSE:DIS) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,292 shares of the entertainment giant’s stock after buying an additional 117 shares during the period. The Walt Disney makes up approximately 0.7% of GHP Investment Advisors Inc.’s portfolio, making the stock its 27th largest position. GHP Investment Advisors Inc.’s holdings in The Walt Disney were worth $3,556,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in The Walt Disney during the second quarter worth approximately $103,000. Balentine LLC raised its stake in The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares in the last quarter. Krilogy Financial LLC raised its stake in The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares in the last quarter. Cordasco Financial Network raised its stake in The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares in the last quarter. Finally, Opera Trading Capital purchased a new stake in The Walt Disney during the first quarter worth approximately $158,000. 56.30% of the stock is currently owned by institutional investors.
Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.55% on Wednesday, hitting $99.12. 11,368,462 shares of the stock traded hands. The Walt Disney Co. has a 52-week low of $86.25 and a 52-week high of $115.47. The firm has a market cap of $157.75 billion, a PE ratio of 17.30 and a beta of 1.21. The firm has a 50 day moving average price of $94.70 and a 200 day moving average price of $96.00.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The company had revenue of $13.14 billion for the quarter, compared to the consensus estimate of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. On average, equities analysts forecast that The Walt Disney Co. will post $5.95 EPS for the current year.
A number of research analysts recently issued reports on the stock. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, September 4th. BTIG Research reiterated a “sell” rating on shares of The Walt Disney in a research report on Friday, November 11th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $120.00 target price on shares of The Walt Disney in a research report on Monday, August 8th. Barclays PLC reiterated an “underweight” rating on shares of The Walt Disney in a research report on Friday, September 30th. Finally, Drexel Hamilton reiterated a “hold” rating and set a $102.00 target price on shares of The Walt Disney in a research report on Friday, November 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.09.
In other The Walt Disney news, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total value of $1,967,229.00. Following the completion of the transaction, the executive vice president now directly owns 135,614 shares in the company, valued at approximately $13,425,786. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.00% of the company’s stock.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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